What are the best 2-3 mutual funds for SIP investment (total 20k pm) pm each for next 10 yrs as I want to make corpus of approx. Rs. 1 cr.
Please guide me How much should be my share of investment among the following MFs-
Large cap, Mid cap, small cap, flexi/multi cap, sectoral fund & L&M cap or any other good MFs for long term with good returns.
Ans: Hello,
Assuming you are 35yrs old you can choose the following allocation strategy for a 10yr investment horizon :
30% mid cap
30% small cap
20% multicap
20% consumption theme / or Large and mid cap fund
For you to get to 1cr at a CAGR of 14% at best, you will need an sip of 38K. With an sip of 20K you can reach close to 50L
Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.